Everything looks good for Ethereum, Solana and Binance Coin; Soon the Altcoin rally?

Jason Pizzino recently detailed that the market is in a stealth zone, showing signs of a major low. During these periods of discretion, he said fear increases and market interest decreases, leading to smaller range bars after the initial scares. Despite possible future fears, key levels like the 50% mark are holding, with the lows remaining slightly higher. This suggests that the market could be ready for a major upward move. Jason added that the market appears poised to gradually recover over the coming months. He examined the best parts by delving into technical details.

He noted that altcoins like ETH/USD are showing relative strength, remaining above key 50% levels. Ethereum, for example, has maintained its position above the 50% mark of its range, established at the May low, coinciding with the Bitcoin peak following the enthusiasm generated by the ETF news. Recent news, such as the SEC dropping the cases, also contributed to The price of Ethereum stability, despite broader market declines.

While the majority of the market has seen significant declines in recent days, Ethereum has managed to hold on. If Ethereum breaks down to around $3,400, it would consider $3,200 a safe level, but if it falls below $2,829, it could indicate that the ETF news is not as positive as it seems so.

Solana is in a similar position, remaining above the 50% mark throughout the bear market range. It currently sits above $138, with downside support around $109. This positioning suggests a bullish structure, with Solana setting higher lows, maintaining strength within its cycle. Solana’s previous corrections ranged from 37% to 52%, indicating that a correction of up to 50% would be consistent with past trends.

Binance Coin made a premature move higher, and if it breaks down from around $540, it could be a false exit. A retest of the $420 to $520 area could occur if this breakdown occurs. Currently, even as it reaches new all-time highs, it is crucial for BNB to maintain its price levels to confirm its bullish momentum.

Read also: Bitcoin, Ethereum and XRP Price Prediction: Is the Bull Rally Over?

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